Let Time & Pay help you manage a key part of your business with our Automated Time and Attendance system!
Tracking your employees’ time at work is difficult, costly and time consuming. Yet it is essential for ensuring compliance with Labor and ACA regulations and controlling labor costs. The new OT regulations make accurately tracking employee’s time at work even more essential.
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Tracking employees time at work is an integral part in calculating payroll. The American Payroll Association, as well as numerous corporate studies, has determined that businesses will spend an average of 6 to 7 minutes per employee per pay period calculating hours worked. No matter how many employees you have, the costs dealing with manually tracking of hours worked, adding up time cards, as well as maintaining a manual time clock system, can be significant. Even then, there is so much more to tracking hourly employees time at work.
The Labor Department is very focused on enforcement of Wage and Hour laws. Tracking employees time at work accurately and definitively is very important for FLSA compliance. The number of lawsuits involving Wage and Hour violations is increasing every year. Accurate timekeeping is also a key component in reporting work force data for The Affordable Care Act compliance.
Accurate timekeeping is also essential for controlling labor costs. Studies have shown that employees will be over paid by up to 8% of their annual wage due to errors in determining hours worked! Have you ever considered the cost of “It’s only 5 minutes….? Read more about the savings you can realize by utilizing automated time and attendance.
Time & Pay’s enterprise based Automated Time and Attendance system eliminates timekeeping work and errors. Our system will automatically record employee’s ins and outs, track lunches and breaks, accurately calculate hours worked including overtime, compile all the data into detailed attendance information and reports, and interface with payroll for easy processing. The system will track labor movement from department to department and/or job to job.
Overall, you will save significant money and time with our ATA system by:
- Significantly improving data quality
- Implementing accurate and objective timekeeping
- Accurately defining labor costs
- Reducing inquiries to the Payroll/HR Department
- Eliminating pay check corrections
- Eliminating data entry and associated errors
- Significantly reducing paperwork
- Helping ensure compliance with FLSA
- Helping ensure compliance with the Affordable Care Act (ACA or ObamaCare)
Simply put, you can eliminate your timekeeping work, easily and very cost effectively monitor the attendance habits of your employees, control unproductive time with consistency, precisely define your labor costs and help ensure compliance with Federal and State labor regulations with Time & Pay’s ATA system. We provide you with all the advantages of in-house ATA systems without all the big start up costs or maintenance expense!
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To view a short video on the cost benefits of our ATA system, visit our Benefits of an Automated Time and Attendance System page.